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China’s Gold Grab: How Underreported Reserves Signal a New Global Order
China has built a wall of secrecy surrounding its gold strategy, with experts long predicting that the country’s reserves and buying habits far exceed official reports. Tellingly, the rise of Beijing’s global “gold corridor” is facilitating a parallel, dollar-free economy. In this week’s The Gold Spot, Scottsdale Bullion & Coin’s Precious Metals Advisors John Karow and Joe Elkjer peek behind the curtain in front of China’s gold holdings, explain how BRICS nations benefit from these immense reserves, and predict what impact these developments could have on the US dollar. China has a well-earned ... (full story)